This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
VA Resident per credit hour. 559.00. Non-VA Resident per credit hour. 1,265.50. All students receiving the Virginia School Personnel Rate are required to pay a technology fee and library fee in addition to the tuition fee. If enrolled in 1-6 credit hours, the technology fee is $18.00 and the library fee is $15.00.